Chesapeake Energy Corp. (NYSE: CHK) dropped about 4.7% on Thursday to post a new 52-week low of $12.45 after closing at $13.06 on Wednesday. The stock’s 52-week high is $29.92. Share volume exceeded 33 million, more than a 50% higher than the daily average of around 22 million shares traded. The company’s stock was downgraded from Outperform to Perform and its price target was set at $22 by Oppenheimer today .
Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Thursday. Shares dropped about 13% to $2.79 from Wednesday’s closing price of $3.21. The stock’s 52-week high is $17.21 Volume totaled about 23 million shares, approaching double the daily average of around 13.5 million shares. The coal company cut 250 jobs yesterday, but it is not likely to be enough to stop the bloodbath in coal mining stocks.
Yamana Gold Inc. (NYSE: AUY) dropped about 6.7% on Thursday to post a new 52-week low of $3.19 against a 52-week high of $9.04. The stock closed at $3.42 on Wednesday night. Volume totaled more than 13 million shares, about 60% more than the daily average of around 8 million shares. The company was the hardest hit of the gold mining stocks as gold prices slipped today.
Alcoa Inc. (NYSE: AA) dropped about 1.2% on Thursday to post a new 52-week low of $12.03 after closing at $12.17 on Wednesday. The stock’s 52-week high is $17.75. Share volume totaled about 11 million shares, about 60% below the daily average of more than 23 million. The company had no specific news today, but this is the fourth consecutive new low for the shares.
ALSO READ: America’s Most (and Least) Valuable States
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
